Revocable beneficiary

A named beneficiary whose right to life insurance policy proceeds is not vested during the insured's lifetime and whose designation as beneficiary can be cancelled by the policy owner at any time prior to the insured's death.

See Also: Return of minor children; Repatriation of remains; Renewable; Reserve; Return on Policyholder Surplus (Return on Equity);

Get our Quick Quotes: Auto Quick Quote Home Quick Quote Life Quick Quote Health Quick Quote and Apply Online Travel Quick Quote and Purchase Online Insurance in California